ETH remains weak, capped near $3,000 after a 30% monthly decline, despite consecutive ETF inflows from BlackRock and Fidelity. Pressure stems from continued outflows from Grayscale’s ETHE and sector-wide crypto risk-off sentiment, which affects ETH more than BTC due to DeFi stress and Layer-2 competition. Whale activity is starting to re-emerge after the $2,623 bounce, but overall trend remains bearish.
Key Levels: Support at 2,947.21 │ Resistance at 3,048.94 / 2,844.72
Investor Takeaway: Near-term bearish bias persists; range-bound weakness expected unless ETH decisively reclaims R1.
